Crimeans will write off loans to the Ukrainian

© RIA Novosti / Sergey Mangalapura photobacteria in winter on the seafront of Yalta, Crimea. archival photoCrimeans will write off loans to the Ukrainian© RIA Novosti / Sergey Mangalapura the image Bank

The Parliament of Crimea adopted in the second reading the law governing the procedure and grounds for restructuring and writing off loans of the Crimean people, taken in Ukrainian banks.

After joining the Crimea to Russia, Ukrainian banks have stopped work on the Peninsula, stop any financial transactions, including the return of deposits. The greatest unmet financial obligations remained in PrivatBank.

«The law establishes the grounds and procedure for restructuring of debts of borrowers under loan agreements with Ukrainian banks, whose activities were discontinued on the territory of the Republic of Crimea and Sevastopol by the National Bank of Ukraine», — said the head of Crimean Parliament Vladimir Konstantinov, representing the law.

Thus, according to him, shall be written off in full arrears: if, as of 18 March 2014 it did not exceed 5 million rubles, or amount expressed in a foreign currency at the exchange rate set by the Central Bank of the Russian Federation on that date, equivalent to 5 million rubles.

The decision on writing off and restructuring taken by the Fund to protect depositors.

The law also establishes the mechanisms and categories of borrowers eligible for restructuring debts to Ukrainian banks, which left the Peninsula unilaterally after the reunification of the Crimea with Russia.

Earlier, the state Duma adopted the law on refining the rules of repayment borrowers living in Crimea and Sevastopol before the Ukrainian banks. In particular, the amendments gave the Parliament the authority to write-off the debt from the citizens.

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